Receive a range of gifts from an Google Pixel 7 Smartphone (worth S$999) OR an Apple iPad 10.2-inch Wi-Fi 64GB (worth S$499) OR up to S$550 when your Citi Quick Cash personal loan application is approved! Simply apply with MyInfo for a faster journey to your gift! T&Cs apply.
Promotion is valid from 01-Dec-2022 till 31-Dec-2022
Customers must apply through MoneySmart to be eligible
Log into your MoneySmart account and complete your Financial profile so you can submit a claim.
S$15,000 to S$24,999 Loan Size:
- MoneySmart Incentive: S$350 Cash via PayNow OR Apple AirPods Pro 2nd Generation (worth S$359)
S$25,000 to S$34,999 Loan Size:
- MoneySmart Incentive: S$450 Cash via PayNow OR Apple iPad 10.2-inch Wi-Fi 64GB (worth S$499)
S$35,000 and above Loan Size:
- MoneySmart Incentive: S$550 Cash via PayNow OR Google Pixel 7 Smartphone (worth S$999)
Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.
Similar to other personal loan requirements like those by other banks, you'll need to be aged between 21 and 65 and be a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, to be eligible to apply for this Citi Quick Cash loan.
The minimum annual income requirements are $30,000 for Singaporeans and PRs and $42,000 for foreigners as per Citibank's application eligibility requirements. This makes Citi Quick Cash personal loan an affordable option for Singaporeans and PRs earning more than $20,000 per year.
One thing to note is that this loan is only for new customers and not existing Citibank customers. So if you're a new customer who is a SingPass holder, you can apply with MyInfo for a quicker application. You'll be required to submit a copy of your NRIC (front and back), your latest computerised payslip or latest 12 months' CPF Contribution History Statement for the Citi Quick Cash personal loan application.
Citibank does not charge any processing fees or initial annual fee unlike some banks, so you'll not need to pay any processing fee unless you miss any payments for your installments, in which case you will have to make a late payment fee.
As Citibank's interest rates aren't published upfront on their website, you'll only be able to know the actual estimated interest rate you'll be getting when you apply for the loan. At the moment, their advertised interest rates are from 3.45%, with an EIR of 6.50% and above. To make things easier to understand, here is an example to illustrate. (But keep in mind that in reality, interest rates are personalised, so yours might differ from this example which was calculated using Citibank's personal loan calculator
Let's say you're taking up a $10,000 loan over 3 years for your wedding expenses. With an interest rate of 3.45% p.a., your estimated monthly repayment amount would be $306.49, taking into account the EIR of 6.50% p.a. which can be determined by many other factors besides the interest you are charged, such as your number of installments, frequency of installments, whether your installment amounts are equal or not, administrative fee or processing fees.
In the situation that you decide to opt for early repayment or to cancel your Citi Quick Cash personal loan, there will be a cancellation fee of a minimum of $100 or 3% of your unbilled outstanding principal amount or $100, whichever is higher.
Before you start applying for Citi Quick Cash or any other personal loans, you’ve got to be really sure of why you need to take up a personal loan. Picking a manageable loan amount that you can afford to pay off in monthly installments is essential to a sound financial plan in the long run, plus, you’ve got to consider the other costs involved such as Effective Interest Rate (EIR), processing fees, annual fees, vice versa.
Here are 5 simple steps to apply for Citi Quick Cash:
Simply click on our Citi Quick Cash application link, or you can choose to apply via Citibank’s mobile app or their website with your SingPass MyInfo. Citibank will then retrieve your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
You'll need to provide all the necessary documentation in order for Standard Chartered Bank to approve your personal loan application. This list of documents include:
Decide on your required amount before picking the suitable plan and also pick your preferred Citi account to receive your funds, or provide the details of your other bank accounts.
Tap the “Get cash now” button in the Citibank mobile app after reviewing your details.
The loan disbursement will be completed instantly upon approval of your Citi Quick Cash personal loan online application. If you prefer to have your funds credited in a non-Citi account, it’ll take about 3-5 working days.
There 5 payment options: